head-img
Image Header

For the financial year ended 31 March 2023

STATEMENT OF PROFIT OR LOSS
31 March 2023 31 March 2022
$ $
Income before grants and donations
Income from leasing facilities 2,258,945 1,195,095
Investment income 1,139,862 1,056,155
Other income 265,226 216,961
Total Operating Income 3,664,033 2,468,211
Expenditure
Projects and activities expenses 6,922,594 6,320,714
Administrative expenses 6,243,337 4,823,763
Rental expense 4,419,169 4,480,903
Employee benefits 3,924,267 3,666,403
Depreciation and amortisation 2,039,125 2,132,846
Fair value loss in investment securities 903,894 883,057
Total Operating Expenditure 24,452,386 22,307,686
Net Operating Loss Before
Grants And Donations
(20,788,353) (19,839,475)
Grants And Donations
Government grants 21,316,944 19,470,622
Donations 2,152,270 1,748,551
Total grants and donations 23,469,214 21,219,173
Net Income After Grants And Donations 2,680,861 1,379,698
Statement of financial position

 

31 March 2023 31 March 2022
$ $
Assets
Intangible assets 3,827,534 5,262,860
Property, plant & equipment 1,603,030 1,232,416
Receivables 685,889 697,795
Prepayments 25,023 338,220
Investment securities 25,100,063 25,902,111
Cash and cash equivalents 24,933,611 24,143,194
Total Assets 56,175,150 57,576,596
Funds and Liabilities
Accumulated Operation Fund 11,396,457 9,013,545
Accumulated Endowment Fund 31,294,602 30,996,653
Deferred income 10,322,085 15,024,987
Other liabilities 3,162,006 2,541,411
Total Funds And Liabilities 56,175,150 57,576,596
reserves position
31 March 2023 31 March 2022
Unrestricted funds (Reserve) $11,396,457 $9,103,545
Ratio of Reserves to Annual Operating Expenditure 0.5 0.4


SCCC’S RESERVE POLICY

The reserves of the Company provide financial stability and means for the development of its operations and activities. The Board regularly reviews the level of reserves to ensure that they are adequate for fulfilling the company’s continuing obligations.

Please refer to HERE for the full financial report.

FUND RAISING

SCCC uses Giving.sg platform for online fund-raising. SCCC will undertake fundraising  to support its operations and objectives, if required.